15057 Lee Hwy Buchanan, VA 24066
This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Botetourt County, Virginia. Strategically located directly off Exit 162 of Interstate 81 at 15057 Lee Hwy, Buchanan, VA 24066, this property boasts unparalleled visibility and accessibility. The land features a flat front portion, gently sloping towards the rear, providing an ideal location for prominent signage with extensive visibility along the interstate. This expansive flat area offers ample space for a large surface lot and significant potential for retail development. The property's versatility extends to its potential for subdivision, allowing for customized development to meet specific buyer requirements. Its proximity to the I-81 on/off ramp makes it exceptionally convenient for businesses catering to travelers. The location is considered highly desirable for a travel center, given its high traffic volume and strategic placement. The asking price for this remarkable property is $1,500,000. This is a rare opportunity to acquire a highly visible and accessible commercial property in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.